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Apple Hospitality REIT's Enterprise Value for the quarter that ended in Jun. 2024 was $5,150 Mil. Apple Hospitality REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was $280 Mil. Apple Hospitality REIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 5.44%.
The historical rank and industry rank for Apple Hospitality REIT's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Apple Hospitality REIT was 8.54%. The lowest was -2.82%. And the median was 4.19%.
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Apple Hospitality REIT's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 18.31%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
The historical data trend for Apple Hospitality REIT's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Apple Hospitality REIT Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 4.52 | -2.23 | 1.66 | 4.06 | 4.51 |
Apple Hospitality REIT Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 4.54 | 4.56 | 4.51 | 4.84 | 5.44 |
For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the REITs industry and Real Estate sector, Apple Hospitality REIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apple Hospitality REIT's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Apple Hospitality REITs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 247.481 | / | 5484.67976 | |
= | 4.51 % |
Apple Hospitality REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $280 Mil.
Apple Hospitality REIT (NYSE:APLE) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.
Thank you for viewing the detailed overview of Apple Hospitality REIT's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Redd Hugh | director | C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Glade M Knight | director, officer: Executive Chairman | 306 E MAINS T, RICHMOND VA 23219 |
Bunting Glenn W Jr | director | 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705 |
Howard E. Woolley | director | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Elizabeth Perkins | officer: SVP & Chief Financial Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Justin G Knight | director, officer: CEO | 10 S THIRD ST, RICHMOND VA 23219 |
Nelson Knight | officer: President Real Estate & Invest | 814 E MAIN STREET, RICHMOND VA 23219 |
Blythe J Mcgarvie | director | HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074 |
Kristian M Gathright | director | 10 S THIRD ST, RICHMOND VA 23219 |
Carolyn B Handlon | director | 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309 |
Jon A Fosheim | director | DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487 |
Matthew Rash | officer: SVP & Chief Legal Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Rachel Labrecque | officer: SVP & Chief Accounting Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Jeanette Clarke | officer: SVP Chief Cap. Invest. Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Karen Catherine Gallagher | officer: SVP & Chief Operating Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
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